GAIL and HPCL to Invest Rs. 17,000 Cr in 5 Years for Bengal Gas Infra
Gas Authority of India Limited (GAIL), Bengal Gas Company Limited (BGCL) and Hindustan Petroleum Corporation Limited (HPCL) will be investing a total of Rs. 17,000 crore in the next five years to develop Compressed Natural Gas (CNG) infrastructure in West Bengal. BGCL is a joint venture between GAIL and Greater Calcutta Gas Supply Corporation Limited.
This investment will be done in multiple projects, which will be for development of both CNG pipelines and CNG filling stations. Out of the total amount, GAIL and Bengal Gas will be investing Rs. 9,000 crore and HPCL will be investing Rs. 8,000 crore.
At the Bengal Global Business Summit organised by the West Bengal Government, GAIL director (business development), Mr. M V Iyer said “GAIL will implement projects worth over Rs 4,000 crore in West Bengal. In addition, GAIL JV company Bengal Gas will invest around Rs 5,000 crore in the state”.
HPCL’s investment will be directed towards expanding its City Gas Distribution (CGD) network in the state to 12 districts from the current eight districts